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Strategies & Market Trends : Groundhog Day
QQQ 608.86+0.1%Nov 14 4:00 PM EST

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To: Jorj X Mckie who wrote (650)4/11/2002 2:44:25 AM
From: Jorj X Mckie  Read Replies (1) of 6346
 
1800 seems to be the call for "bears out of the pool" on the 10 and 15pt charts.

stockcharts.com

On the 20pt chart, we need 1800 to get a reversal up too.

stockcharts.com

I'm thinking we come close, or just barely take 1800 out, but with the BP levels where they are, it will just be another headfake to sucker the little guy back into the market just in time to get wiped out.

For some reason, April 15th seems like a real stinky fish to me. Maybe it is the superstitious response to the 2 year anniversary of the crash.
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